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Active participation as a real estate investor typically involves taking an active role in the day-to-day management of a real estate investment property or portfolio. This can include[...]

Reasonable compensation refers to the amount of compensation paid to an employee or owner that is considered reasonable and appropriate for the services they provide, given their role,[...]

A S corporation must meet the following legal requirements: Be a domestic corporation Have only allowable shareholders, including individuals, certain trusts, and estates and Not more than 100[...]

Airbnb rental income is considered taxable income and must be reported on your tax return. Here's a brief overview of the tax implications for Airbnb rentals: Federal income[...]

A holding company is a type of company that doesn't have any operations or active business of its own, but instead owns other companies (subsidiaries) and holds their[...]

As a business owner, you can typically deduct the following legitimate business expenses: Advertising and marketing costs Employee salaries and benefits Rent for business property Utilities for business[...]